Is Lumpkin County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lumpkin County has remained a Seller's Market.
Housing Prices in Lumpkin County, GA
How much do homes in Lumpkin County, GA cost?
Median Sold Price
$368,500
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lumpkin County was $368,500 in May 2024, up 5.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $274.9K | $225K | -18.2% |
2 Bedrooms | $257K | $280K | +8.9% |
3 Bedrooms | $312.6K | $343.9K | +10.0% |
4 Bedrooms | $431K | $440K | +2.1% |
5+ Bedrooms | $625K | $545K | -12.8% |
Summary: Lumpkin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Counties
Union County | $363.5K | $404.8K | +11.3% |
White County | $320K | $351.1K | +9.7% |
Lumpkin County | $350.7K | $368.5K | +5.1% |
Fannin County | $561.8K | $584.9K | +4.1% |
Dawson County | $411.7K | $420K | +2.0% |
Housing Supply in Lumpkin County, GA
How many homes are available in Lumpkin County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
158 | 173 | +9.5% |
Summary: The Lumpkin County real estate market had 173 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 78 | 91 | +16.7% |
4 Bedrooms | 50 | 50 | 0.0% |
5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Lumpkin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 31 | -18.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Lumpkin County in May 2024, down by 18.4% month-over-month. Of the 30 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Lumpkin County, GA
How long does it take to sell a home in Lumpkin County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 20 Days | -30.4% |
Summary: Homes in Lumpkin County had an average of 20 days on market in May 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Lumpkin County; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.